Finance & Admin
Articles about managing the financial and administrative aspects of your photography business. Topics include funding options, legal structures, accounting requirements and employment regulations.
Advantages and Disadvantages of Incorporation
Weigh the pros and cons of incorporating your business, from liability protection to added paperwork and costs.
Approaching Investors for Your Business
Getting investors to back your photography business requires creativity and knowing where to look in a tighter lending market.
Avoiding the Most Common Business Plan Mistakes
Keep your business plan grounded in reality by avoiding inflated sales projections and other common pitfalls that sink new ventures.
Carbon Footprints and Your Business
Reducing your business's carbon footprint can cut costs while attracting environmentally conscious customers.
Financing a Social Enterprise
Social enterprises need funding just like regular businesses, but face unique challenges, here's how to find it.
Getting a New Business Bank Loan
Banks expect to see your own money invested before they'll lend to a photography start-up, along with a solid business plan and proof you can repay.
Joining a Trade Organisation
Trade associations help small business owners connect with peers in their industry and gain collective support.
Keeping Accurate Accounts for Your Business
Get organized with bookkeeping so you stay on top of taxes, track expenses, and save money on your photography business.
Legal Structures of Businesses
Choosing the right legal structure for your business affects your taxes, liability, and how you run day-to-day operations.
Making Realistic Sales Forecasts
Build accurate sales forecasts by breaking down your projections into product lines and months to guide investment decisions and cash flow planning.
Photography Business: Alternative Finance Sources
Banks make it tough for photography businesses to borrow, so here are other ways to fund your startup or keep it running.
Raise Capital Through Government Grants
Government grants can fund your startup without requiring repayment or giving up business ownership, though qualification standards are strict.
Self Employment Rules and Regulations
Self employed people get tax breaks and simpler admin, but must register with the Inland Revenue within three months or face penalties and fines.
The Rules on Employing People
What you need to know about UK employment law when hiring staff for your photography business.
What Is a Limited Liability Partnership?
A limited liability partnership lets multiple people share a business's profits and risks while protecting their personal assets from company debts.
What Is a Social Enterprise?
Social enterprises are businesses that prioritise social or environmental goals over shareholder profit, generating £30 billion in UK turnover annually.
What Is IR35?
IR35 is a 2000 tax law that stops contractors from avoiding National Insurance by using their own companies as intermediaries.
Writing a Business Plan
Get clear on your business goals and spot potential problems before launch with a solid business plan.